Ambassador Bassam Rady, spokesperson for the Presidency, said that the President commenced the meeting with stressing his keenness to meet investment delegations to review the latest economic scene and exhibit promising investment opportunities in the Egyptian market in various sectors, in addition to following-up on the development in the Egyptian Capital Market performance and how it reflects the performance of the economy under the comprehensive economic reform program being implemented by the Egyptian Government.
In this context, the President emphasized the numerous factors and investment fundamentals in Egypt now qualifying it to attract foreign investment; namely security and economic stability despite the turbulences in the region, in addition to abundance of manpower, as well as trade agreements between Egypt and Africa, Arabic markets and The European Union.
The President also reviewed developments and reform measures taken to encourage investment and remove all obstacles of investing in Egypt; namely the floatation of EGP exchange rate, achieve a steady increase of net international reserves, the State’s raped infrastructure development, establishment of new cities and the surplus of energy reserves. This in addition to the efforts exerted to raise the efficiency of businesses in the local market and private sector especially the small and medium enterprises.
Ambassador Bassam Rady said that the Central Bank Governor and attending Ministers; H.E. Dr. Sahar Nasr Minister of Investment and international Cooperation and H.E. Dr. Mohamed Maait, Minister of Finance, pointed out to the important role of investment funds in increasing investment flows to Egypt, whether direct or indirect, stressing that Egypt is looked forward to attract more investments in various fields through enhanced cooperation with these funds.
He said that during the meeting, an open dialogue between the President and representatives of investment funds on future prospects for the economic development in Egypt and what the Egyptian government is doing to implement the economic reform program were discussed. The delegation stressed their appreciation for meeting President AbdelFattah Sisi, which reflects the wellness of the political leadership in Egypt to accelerate the investment climate in Egypt and attract investments.